SOLUTION: A company is considering two insurance plans with coverage and premiums shown in the table.​ (For example, this means that​ $50 buys one unit of plan​ A, consisti
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Question 1052017: A company is considering two insurance plans with coverage and premiums shown in the table. (For example, this means that $50 buys one unit of plan A, consisting of $10,000 fire and theft insurance and $180,000 of liability insurance.) Answer parts a and b.
a.he company needs at least $150,000 fire and theft insurance and at least $2,400,000 liability from these plans. How many units should be purchased from each plan to minimize the cost of the premiums? What is the minimum premium?
The company should purchase __ units of Policy A and __ of Policy B, for a premium of $___. Answer by lawson221(1) (Show Source):
(